Milecastle Inn, North Road, Haltwhistle, Northumberland, United Kingdon, NE49 9NN
Pub for sale
Key features
- Pub-restaurant with 2 holiday cottages
- Picturesque location near Hadrians Wall
- Projected net T/O y/e 31.3.22 c. £270,000
- Traditionally decorated and well maintained
- Refurbished 3 bed owner's accommodation
- Car parking and beer garden. Energy Rating D
- Christie & Co Ref: 6450467
Property description
Tenure: Freehold
A traditional English pub near to an extremely popular walking route, tourist attraction and World Heritage Site; Hadrian's Wall.
The business benefits from multiple income streams by way of wet, dry and accommodation sales and is supported by local custom, but more heavily by tourists to the area, particularly during the summer months.
The Sill: National Landscape Discovery Centre is situated just over two miles away at Once Brewed.
The pub occupies a prominent roadside position on the B6318 Military Road, near Haltwhistle, at the foot of Northumberland National Park, with the world famous Hadrian's Wall just half a mile away and visible from the pub car park. The A69 is easily accessible making Carlisle, which lies c.23 miles west, and Newcastle which lies c. 36 miles east, both easily accessible. The M6 and A1(M), both major north-south routes and the North Pennines Area of Outstanding Natural Beauty are also in relatively close proximity.
Internal DetailsThe pub is decorated in a traditional style and well maintained, with open fires and exposed brickwork. The restaurant has table and chair seating for up to 26 and the bar/snug provides further seating for c.40.
There is a large, commercial grade catering kitchen and ancillary areas include a ground floor beer cellar, customer toilets and two external storage facilities.
We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory. We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.
Letting AccommodationAdjoining the pub are two, self-contained holiday cottages, each comprising a lounge/kitchen and one double bedroom with en suite shower facilities.
External DetailsThere is a car park for approximately 12 cars. There is a trade garden with stunning views to the side of the property for approximately 40 customers.
Owner's AccommodationAt first floor level is a well presented flat which has recently been refurbished, comprising three bedrooms, lounge, kitchen and bathroom.
The OpportunityThe Milecastle Inn presents an excellent opportunity for an owner-operator to live on site and operate along the same lines as the current owner.
Alternatively, an experienced operator, perhaps with multiple sites, could look to expand the current offer, introduce further letting bedrooms and look to run as a managed house.
An investor may look to purchase the premises and let it to an operator, the current owner has previously let the premises on this basis.
The business is currently owner-operated with the support of part time staff. Further details can be provided on request.
Trading InformationThe business has recovered phenomenally well post-lockdown and in the 20 weeks from 12th April 2021, the pub & restaurant turned over c. £200,000 inclusive of VAT. The holiday cottages have generated approximately a further £16-18,000 of income.
Planning PermissionsThe pub has un-utilised planning permission to extend the restaurant and owner's accommodation. We are advised that this permission may be able to be altered to allow for restaurant extension with eight further letting bedrooms above.
Business RatesThe Rateable Value is £15,500 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.
RegulatoryPremises Licence.
Energy Performance Certificates
EPC 1Brochures
Milecastle Inn, North Road, Haltwhistle, Northumberland, United Kingdon, NE49 9NN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Haltwhistle Station1.5 miles
- Bardon Mill Station4.1 miles
About Christie & Co, Newcastle Upon Tyne
Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ
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Notes
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